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Top 10: High-value auction buys of 2014

There have been some eye-watering prices paid for some of the world’s most desirable classics over the last few months, including almost £23 million for a 1962 Ferrari 250 GTO. The most iconic models from marques like Lamborghini, Aston Martin and Ferrari are fetching record sums when they go to auction, adding fuel to the fire of soaring classic car prices.

But will this ‘boom’ be followed by ‘bust’ at some point soon? Auctioneers tell us that high-end buyers are using their own (rather than borrowed) money nowadays, seeing classics as a sound investment, and demand is likely to remain high. Let’s take a look at ten of the highest achievers of 2014

By Paul Guinness, Contributor

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1902 De Dietrich 16HP ‘Paris-Vienna’ Tonneau – £998,000

There are buyers out there willing to pay serious sums for examples of the earliest – and rarest – models from motoring history, which explains why a sale price of almost £1m was achieved for this De Dietrich.

Now fully restored, this particular car was discovered during WWII when a German bomb demolished the stable in which it had been stored on blocks since 1912. With just four owners from new, this powerful four-cylinder 4078cc machine is identical in specification to the works racers built for the 1902 Paris-Vienna Race.

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